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Technology Stocks : Discuss Year 2000 Issues

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To: B.K.Myers who wrote (7501)7/31/1999 5:53:00 PM
From: Ken   of 9818
 
<plan for each stage> Good thinking, BK. Here's my take on that:

There are about 7 different basic senarios that can reasonably occur, with a lot of permutations in-between.

After contemplating a number of different senario playouts (cause and effect of each), I realized several key factors, chiefly among them:

That it will not be possible, practical or prudent to assume that more than one senario can be ADEQUATELY planned for, in advance.

Each different senario requrires major decisions regarding purchases, if not also changes in life-style. But, even only assuming the only major difference involves expenditure of monies for different shopping lists of emergency goods, the senior problem will be:

Time! And, its companion, JIT!

When the panic starts, only a very small % of the population will clean out storage food reserves, purif sytems, generators, solar systems, and most of the other most vital products!!

You buy one shopping list now, and you can for awhile upgrade it, as you see fit. But, in x number of months, it will be too late for most products, and most of the vital products!

I expect the panic behavior to occur with ENORMOUS speed, partly due to the instantaneous nature of comm, the net, tv, etc,, and due to the generally hysterical, fearful basic nature of the populus!

I would NOT personally risk waiting until the last minute to either prepare, or to substantially add to the basic assets! Espically for those products our lives are dependent on!

To me the most prudent course, is making a complete list of desired products, allocating x amount of dollars to it, ie.setting up a budget, and buying EVERYTHING/MOST EVERYTHING on the list as soon as there seem to be the beginnings of significant changes in buying trends in the most vital ones.

I look at this list and overall prep, as an extremely expensive insurance policy, but one without, could result in loss of everything, up to and including death. And, whatever is not used in a best-case Y2KAPUTYOU senario, can either be used thru time, and/or donated to charity. I call this the 'Survival insurance policy'.
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